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Bank Results: Majors Inline, Minors Improved

FINANCIALS

Bank reporting this morning broadly shows:


  • the two majors (BNP and DBK) inline to slightly better, and
  • the two smaller reporters (Sabadell, Swedbank) better than expected for different reasons (Spain beating on revenues, Sweden beating on loan losses).
  • Barclays next up at 0700
  • First conf calls are those two smaller banks at 0800 then Barclays at 0930, Deutsche at 1000 and BNP at 1200 (all London times)

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